#Electric Vehicle Supply Equipment Market Reports

[automotiveera]

Electric Vehicle Supply Equipment Market Is Predicted To Hit USD 9,426.2 million by 2030

Electric energy is supplied to recharge electric vehicles at various residential and commercial locations using electric vehicle supply equipment, or EVSEs. The market for electric vehicle supply equipment was worth around USD 3,897.5 million in 2022, and it will reach USD 9,426.2 million by 2030, as per P&S Intelligence.

The primary causes of the expansion are the expanding need for electric vehicles, the escalating government efforts to promote the development of this technology, the rising pollution levels, and the explosive uptake of charging stations.

Level 1 and level 2 chargers are further divided into AC chargers. Due to the long charging times of electric vehicles, which make these chargers appropriate for overnight charging at residences, level 1 chargers of retained a bigger market share.

Based on application, the public category is predicted to experience faster growth in the coming years—roughly 12% CAGR. This is due to the strong commitments made by automakers, governments, and manufacturers to the improvement of the infrastructure for electric vehicle use in many nations.

Moreover, electric vehicle demand has risen significantly in recent years. Global EV sales in the initial half of 2022 were higher than in the same period in 2021, at about 4.3 million units.

The main drivers promoting the sales of these vehicles are the rising environmental protection concerns and the goal to use less gasoline and diesel fuel. Worldwide, the fast installation of charging stations is being seen as a result of the large sales of electric vehicles.

Get More details Electric Vehicle Supply Equipment Market Status and Outlook

[reasoningdaily]

Children still mining cobalt for gadget batteries in Congo

A CBS News investigation of child labor in cobalt mines in the Democratic Republic of Congo has revealed that tens of thousands of children are growing up without a childhood today – two years after a damning Amnesty report about human rights abuses in the cobalt trade was published. The Amnesty report first revealed that cobalt mined by children was ending up in products from prominent tech companies including Apple, Microsoft, Tesla and Samsung. 

There's such sensitivity around cobalt mining in the DRC that a CBS News team traveling there recently was stopped every few hundred feet while moving along dirt roads and seeing children digging for cobalt. From as young as 4 years old, children can pick cobalt out of a pile, and even those too young to work spend much of the day breathing in toxic fumes.

What's life like for kids mining cobalt for our gadgets?

So, what exactly is cobalt, and what are the health risks for those who work in the DRC's cobalt mining industry?

What is cobalt?

Cobalt – a naturally occurring element –  is a critical component in lithium-ion, rechargeable batteries. In recent years, the growing global market for portable electronic devices and rechargeable batteries has fueled demand for its extraction, Amnesty said in its 2016 report. In fact, many top electronic and electric vehicle companies need cobalt to help power their products.

The element is found in other products as well.

"Cobalt-containing products include corrosion and heat-resistant alloys, hard metal (cobalt-tungsten-carbide alloy), magnets, grinding and cutting tools, pigments, paints, colored glass, surgical implants, catalysts, batteries, and cobalt-coated metal (from electroplating)," says the U.S. Centers for Disease Control and Prevention.

More than half of the world's supply of cobalt comes from the DRC, and 20 percent of that is mined by hand, according to Darton Commodities Ltd., a London-based research company that specializes in cobalt.  

Health risks of chronic exposure 

According to the CDC, "chronic exposure to cobalt-containing hard metal (dust or fume) can result in a serious lung disease called 'hard metal lung disease'" – a kind of pneumoconiosis, meaning a lung disease caused by inhaling dust particles. Inhalation of cobalt particles can cause respiratory sensitization, asthma, decreased pulmonary function and shortness of breath, the CDC says.

The health agency says skin contact is also a significant health concern "because dermal exposures to hard metal and cobalt salts can result in significant systemic uptake." 

"Sustained exposures can cause skin sensitization, which may result in eruptions of contact dermatitis," a red, itchy skin rash, the CDC says.

Despite the health risks, researchers with Amnesty International found that most cobalt miners in Congo lack basic protective equipment like face masks, work clothing and gloves. Many of the miners the organization spoke with for its 2016 report – 90 people in total who work, or worked, in the mines – complained of frequent coughing or lung problems. Cobalt mining's dangerous impact on workers and the environment

Some women complained about the physical nature of the work, with one describing hauling 110-pound sacks of cobalt ore. "We all have problems with our lungs, and pain all over our bodies," the woman said, according to Amnesty.

Moreover, miners said unsupported mining tunnels frequently give way, and that accidents are common.  

Miners know their work is dangerous, Todd C. Frankel wrote late last month in The Washington Post. 

"But what's less understood are the environmental health risks posed by the extensive mining," he reported. "Southern Congo holds not only vast deposits of cobalt and copper but also uranium. Scientists have recorded alarming radioactivity levels in some mining regions. Mining waste often pollutes rivers and drinking water. The dust from the pulverized rock is known to cause breathing problems. The mining industry's toxic fallout is only now being studied by researchers, mostly in Lubumbashi, the country's mining capital."

"These job are really desired"

Despite the dangers and risks of working as miners in the cobalt industry, at least of the some miners in the Congo "love their jobs," according to Frankel.

"When I talked to the miners there, none of them want to lose their jobs or give up their jobs. They love their jobs," Frankel said Tuesday, speaking on CBSN. "In a country like Congo, mining is one of the few decently paying jobs to be had there, and so they want to hold onto these jobs."

They also want fair treatment, decent pay, and some safety, "and they would love for their kids to not work in the mines," he said.

"It's a poverty problem," Frankel said. "These parents I talked to – they don't want their kids working in these mines. The problem is that their school fees – schools cost money, and you know, food costs money, and they sort of need their kids to work in there."

Poverty also drives children into the mines instead of school – an estimated 40,000 of them work in brutal conditions starting at very young ages.

The thousands of miners who work in tunnels searching for cobalt in the country "do it because they live in one of the poorest countries in the world, and cobalt is valuable," Frankel wrote in the Washington Post article.

"Not doing enough" 

CBS News spoke with some of the companies that use cobalt in their lithium-ion batteries. All of the companies acknowledged problems with the supply chain, but said they require suppliers to follow responsible sourcing guidelines. Apple, an industry leader in the fight for responsible sourcing, said walking away from the DRC "would do nothing to improve conditions for the people or the environment."

Read company responses here

Amnesty said in November, however, that "major electronics and electric vehicle companies are still not doing enough to stop human rights abuses entering their cobalt supply chains." 

"As demand for rechargeable batteries grows, companies have a responsibility to prove that they are not profiting from the misery of miners working in terrible conditions in the DRC," the organization said. "The energy solutions of the future must not be built on human rights abuses."

An estimated two-thirds of children in the region of the DRC that CBS News visited recently are not in school. They're working in mines instead. 

CBS News' Debora Patta spoke with an 11-year-old boy, Ziki Swaze, who has no idea how to read or write but is an expert in washing cobalt. Every evening, he returns home with a dollar or two to provide for his family.

"I have to go and work there," he told Patta, "because my grandma has a bad leg and she can't."

He said he dreams of going to school, but has always had to work instead.

"I feel very bad because I can see my friends going to school, and I am struggling," he said.

Amnesty says "it is widely recognized internationally that the involvement of children in mining constitutes one of the worst forms of child labour, which governments are required to prohibit and eliminate."

[wolfliving]

Strange Chinese trade-war recommendations at US Congress

COMPREHENSIVE LIST OF THE COMMISSION’S 2024 RECOMMENDATIONS Part II: Technology and Consumer Product Opportunities and Risks Chapter 3: U.S.-China Competition in Emerging Technologies The Commission recommends:

Congress establish and fund a Manhattan Project-like program dedicated to racing to and acquiring an Artificial General Intelligence (AGI) capability. AGI is generally defined as systems that are as good as or better than human capabilities across all cognitive domains and would surpass the sharpest human minds at every task. Among the specific actions the Commission recommends for Congress:

Provide broad multiyear contracting authority to the executive branch and associated funding for leading artificial intelligence, cloud, and data center companies and others to advance the stated policy at a pace and scale consistent with the goal of U.S. AGI leadership; and

Direct the U.S. secretary of defense to provide a Defense Priorities and Allocations System “DX Rating” to items in the artificial intelligence ecosystem to ensure this project receives national priority.

Congress consider legislation to:

Require prior approval and ongoing oversight of Chinese involvement in biotechnology companies engaged in operations in the United States, including research or other related transactions. Such approval and oversight operations shall be conducted by the U.S. Department of Health and Human Services in consultation with other appropriate governmental entities. In identifying the involvement of Chinese entities or interests in the U.S. biotechnology sector, Congress should include firms and persons: ○ Engaged in genomic research; ○ Evaluating and/or reporting on genetic data, including for medical or therapeutic purposes or ancestral documentation; ○ Participating in pharmaceutical development; ○ Involved with U.S. colleges and universities; and ○ Involved with federal, state, or local governments or agen cies and departments.

Support significant Federal Government investments in biotechnology in the United States and with U.S. entities at every level of the technology development cycle and supply chain, from basic research through product development and market deployment, including investments in intermediate services capacity and equipment manufacturing capacity.

To protect U.S. economic and national security interests, Congress consider legislation to restrict or ban the importation of certain technologies and services controlled by Chinese entities, including:

Autonomous humanoid robots with advanced capabilities of (i) dexterity, (ii) locomotion, and (iii) intelligence; and

Energy infrastructure products that involve remote servicing, maintenance, or monitoring capabilities, such as load balancing and other batteries supporting the electrical grid, batteries used as backup systems for industrial facilities and/ or critical infrastructure, and transformers and associated equipment.

Congress encourage the Administration’s ongoing rulemaking efforts regarding “connected vehicles” to cover industrial machinery, Internet of Things devices, appliances, and other connected devices produced by Chinese entities or including Chinese technologies that can be accessed, serviced, maintained, or updated remotely or through physical updates.

Congress enact legislation prohibiting granting seats on boards of directors and information rights to China-based investors in strategic technology sectors. Allowing foreign investors to hold seats and observer seats on the boards of U.S. technology start-ups provides them with sensitive strategic information, which could be leveraged to gain competitive advantages. Prohibiting this practice would protect intellectual property and ensure that U.S. technological advances are not compromised. It would also reduce the risk of corporate espionage, safeguarding America’s leadership in emerging technologies.

Congress establish that:

The U.S. government will unilaterally or with key interna- tional partners seek to vertically integrate in the develop- ment and commercialization of quantum technology.

Federal Government investments in quantum technology support every level of the technology development cycle and supply chain from basic research through product development and market deployment, including investments in intermediate services capacity.

The Office of Science and Technology Policy, in consultation with appropriate agencies and experts, develop a Quantum Technology Supply Chain Roadmap to ensure that the United States coordinates outbound investment, U.S. critical supply chain assessments, the activities of the Committee on Foreign Investment in the United States (CFIUS), and federally supported research activities to ensure that the United States, along with key allies and partners, will lead in this critical technology and not advance Chinese capabilities and development....

[aerospaceandautomotive55]

Analyzing the Global Automotive Ignition Coil Market: Trends, Players, and Growth

Analyzing the Global Automotive Ignition Coil Market: Trends, Players, and Growth

Igniting Growth: A Look at the Automotive Ignition Coil Market

The global Automotive Ignition Coil Market encompasses the production, distribution, and sale of components responsible for generating high-voltage electrical pulses to ignite the fuel-air mixture within an internal combustion engine. This critical function ensures efficient combustion, maximizing engine performance and minimizing emissions. The market was valued at a substantial USD 9.83 Billion in 2023 and is poised for continued growth, projected to reach USD 14.61 Billion by 2032, exhibiting a steady CAGR of 4.5% during the forecast period (2024–2032).

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Market Segmentation: A Deeper Dive

The Automotive Ignition Coil Market presents a diverse landscape, segmented based on various factors:

By Type:

Block Ignition Coils: These traditional coils serve multiple spark plugs, often found in older vehicles.

Coil-on-Plug (COP): Modern and increasingly prevalent, these coils are directly mounted on each spark plug, enhancing performance and efficiency.

Ignition Coil Rail: These systems incorporate multiple coils in a single unit, typically for multi-cylinder engines.

By Operating Principle:

Single Spark Technology: The most common type, delivering a single spark per combustion cycle.

Dual Spark Technology: Advanced systems delivering two sparks per cycle, improving combustion and reducing emissions.

By Distribution Channel:

OEM (Original Equipment Manufacturer): Coils supplied directly to vehicle manufacturers for initial installation.

Aftermarket: Replacement coils available for repair and maintenance purposes.

By Vehicle Type:

Passenger Cars: The largest segment, encompassing a wide range of vehicles from compact cars to luxury sedans.

Commercial Vehicles: Includes trucks, buses, and other heavy-duty vehicles.

Market Segmentation: https://straitsresearch.com/report/automotive-ignition-coil-market/segmentation

Geographic Overview: Regional Dynamics

The Automotive Ignition Coil Market exhibits diverse regional trends:

North America: A mature market with a strong presence of established automakers and a focus on advanced technologies.

Europe: Characterized by stringent emission regulations and a growing demand for fuel-efficient vehicles.

Asia Pacific: The fastest-growing region, driven by rapid industrialization, increasing vehicle ownership, and a robust automotive manufacturing sector.

Rest of the World: Emerging markets in Latin America, Africa, and the Middle East are showing significant growth potential.

Key Players Driving Innovation

Several prominent players are shaping the Automotive Ignition Coil Market landscape:

NGK SPARK PLUG Co. Ltd

Denso Corporation

Robert Bosch GmbH

Hitachi Ltd

HELLA GmbH & Co. KGaA

Diamond Electric Holdings Co. Ltd

Taiwan Ignition System Co. Ltd

BorgWarner Inc.

Eldor Corporation

Furuhashi Auto Electric Parts Co. Ltd

These companies are continuously investing in research and development to enhance coil performance, improve fuel efficiency, and meet evolving emission standards.

Key Unit Economics for Businesses and Startups

For businesses and startups operating within this market, understanding key unit economics is crucial for success:

Cost of Goods Sold (COGS): This includes the cost of raw materials, manufacturing, and labor involved in producing ignition coils.

Customer Acquisition Cost (CAC): The expense incurred in acquiring new customers, such as marketing, sales, and distribution efforts.

Customer Lifetime Value (CLTV): The total revenue generated from a single customer over their entire relationship with the company.

Operational Factors Influencing Market Growth

Several factors significantly influence the growth trajectory of the Automotive Ignition Coil Market:

Technological advancements: The development of advanced coil technologies, such as dual spark and plasma ignition systems, is driving market innovation.

Stringent emission regulations: Governments worldwide are implementing stricter emission standards, necessitating the adoption of more efficient and cleaner combustion technologies.

Rising demand for fuel-efficient vehicles: Consumers are increasingly seeking vehicles with improved fuel economy, driving demand for advanced ignition coil systems.

Growth of the automotive industry: The overall growth of the global automotive market, particularly in emerging economies, provides significant opportunities for market expansion.

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About Straits Research

Straits Research delivers comprehensive and insightful market research reports, including the Automotive Ignition Coil Market report. Our reports are meticulously researched and analyzed, providing valuable data and insights for businesses, investors, and stakeholders. Key strengths include:

In-depth market analysis: Our reports delve into market trends, drivers, challenges, and competitive landscapes.

Data-driven insights: We utilize robust data collection and analysis methodologies to provide accurate and reliable market forecasts.

Expert analysis: Our team of experienced analysts provides expert interpretations and recommendations.

Customized solutions: We offer customized research solutions tailored to specific client requirements.

[bllsbailey]

Trump Plans Sweeping Rollback of Biden EV, Emissions Policies

Incoming President Donald Trump's transition team is recommending sweeping changes to cut off support for electric vehicles and charging stations and to strengthen measures blocking cars, components and battery materials from China, according to a document seen by Reuters.

The recommendations, which have not been previously reported, come as the U.S. electric-vehicle transition stalls and China's heavily subsidized EV industry continues to surge, in part because of its superior battery supply chain. On the campaign trail, Trump vowed to ease regulations on fossil-fuel cars and roll back what he called President Joe Biden's EV mandate.

The transition team also recommends imposing tariffs on all battery materials globally, a bid to boost U.S. production, and then negotiating individual exemptions with allies, the document shows.

Taken together, the recommendations are a stark departure from Biden administration policy, which sought to balance encouraging a domestic battery supply chain, separate from China, with a rapid EV transition. The transition-team plan would redirect money now flowing to building charging stations and making EVs affordable into national-defense priorities, including securing China-free supplies of batteries and the critical minerals to build them.

The proposals came from a Trump transition team charged with crafting a strategy for swift implementation of new automotive policies. The team also calls for eliminating the Biden administration's $7,500 tax credit for consumer EV purchases, a plan that Reuters first reported last month. The policies could strike a blow to U.S. EV sales and production at a time when many legacy automakers, including General Motors and Hyundai, have recently introduced a wider array of electric offerings to the U.S. market.

Cutting government EV support could also hurt sales of Elon Musk's Tesla, the dominant U.S. EV seller. But Musk, who spent more than a quarter-billion dollars helping to elect Trump, has said that losing subsidies would hurt rivals more than Tesla.

The transition team calls for clawing back whatever funds remain from Biden's $7.5 billion plan to build charging stations and shifting the money to battery-minerals processing and the "national defense supply chain and critical infrastructure."

While batteries, minerals and other EV components are "critical to defense production," electric vehicles "and charging stations are not," the document says.

The Defense Department in recent years has highlighted U.S. strategic vulnerabilities because of China's dominance of the mining and refining of critical minerals, including graphite and lithium needed for batteries, and rare-earth metals used in both EV motors and military aircraft.

A 2021 government report said the U.S. military faces "escalating power requirements" for weapons and communication equipment, among other technologies. "Assured sources of critical minerals and materials" are "critical to U.S. national security," the report found.

Trump transition spokeswoman Karoline Leavitt said voters gave Trump a mandate to deliver on campaign promises, including stopping government attacks on gas-powered cars.

"When he takes office, President Trump will support the auto industry, allowing space for both gas-powered cars and electric vehicles," Leavitt said in a statement.

Allowing More Tailpipe Pollution

Automakers globally have been shifting toward electric vehicles in part to comply with stricter government limits on climate-damaging tailpipe pollution.

But the transition team recommendations would allow automakers to produce more gas-powered vehicles by rolling back emissions and fuel-economy standards championed by the Biden administration. The transition team proposes shifting those regulations back to 2019 levels, which would allow an average of about 25% more emissions per vehicle mile than the current 2025 limits and average fuel economy to be about 15% lower.

The proposal also recommends blocking California from setting its own, stricter vehicle-emissions standards, which more than a dozen other states have adopted. Trump barred California from setting tougher requirements during his first term, a policy that Biden reversed.

California has asked the U.S. Environmental Protection Agency for another waiver to incorporate a stronger set of requirements beginning in 2026, which would eventually require all vehicles to be electric, plug-in hybrid or hydrogen-powered by 2035. The Biden administration's EPA has not approved California's request.

Many of the transition-team proposals appear aimed at encouraging domestic battery production, primarily for defense-related interests. Others appear aimed at protecting automakers, even those producing EVs, in the United States.

The proposals include:

Instituting tariffs on "EV supply chain" imports including batteries, critical minerals and charging components. The proposal viewed by Reuters said the administration should use Section 232 tariffs, which target national security threats, to limit imports of such products. The Biden administration recently increased tariffs on Chinese imports of several mentioned in the Trump-transition document, including lithium-ion batteries, graphite and "permanent magnets" used in EV motors and military applications. Those tariffs were issued on economic rather than security grounds.

Waiving environmental reviews to speed up "federally funded EV infrastructure projects," including battery recycling and production, charging stations and critical mineral manufacturing.

Expanding export restrictions on EV battery technology to adversarial nations.

Providing support for exports of U.S.-made EV batteries through the Export-Import Bank of the United States.

Using tariffs as a "negotiating tool" to open foreign markets to U.S. auto exports, including EVs.

Eliminating requirements that federal agencies purchase EVs. A Biden policy requires all federal acquisitions of cars and smaller trucks to be zero-emission vehicles by the end of 2027.

Ending DOD programs aimed at purchasing or developing electric military vehicles.

[trendsofmarket]

Analysis of Voltage Transducer Market Analysis and In-depth Study on Size Trends, Emerging Growth Factors and Regional Forecast

Research Nester assesses the growth and market size of the global voltage transducer market which is anticipated to be on account of the growing demand for renewable energy and surge in the integration of IoT.

Research Nester’s recent market research analysis on “Voltage Transducer Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitor’s analysis and a detailed overview of the global voltage transducer market in terms of market segmentation by product, application, end user and by region.

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Rise in the Automation Industry and Growing Demand for Renewable Energy to Promote Global Market Share of Voltage Transducer Market

The global voltage transducer market is estimated to grow majorly on account of the increased requirement automation in industries. These transducers find application in numerous industries, including power generation, distribution, and power plants for renewable energy. There has been increased emphasis on energy efficiency and sustainability, which is fueling the demand for accurate voltage measurement and monitoring systems has increased exponentially. Other than this, the rise in electric vehicle adoption is also fueling the global voltage transducer market. In electric vehicle charging stations, the voltage transducers are essential for monitoring and regulating the voltage levels. In the year 2022, there were almost 2.71 million public charging points globally. Hence, with the rising development of electric vehicle charging stations, the global voltage transducer market growth is projected to witness remarkable growth during the forecasted period. Other than this, the rising integration of the Internet of Things is also acting as a propelling factor for the market’s growth. The remote monitoring and control are made possible by the amalgamation of voltage transducers and the Internet of Things technology. There has been a surge in the usage of IoT, due to its ease of convenience. For instance, in North America, almost 66.1% of homes possess at least one IoT device. On the back of these factors, the global voltage transducer market is projected to witness significant growth during the forecasted period.

Some of the major growth factors and challenges that are associated with the growth of the global voltage transducer market are:

Growth Drivers:

Rising Demand for Energy Efficiency

Surge in Technological Advancements in Voltage Transducers

Challenges:

The amalgamation of stringent regulations and disruptions of the supply chain, rising competition for alternatives, and growing risk of cyber security are some of the major factors anticipated to hamper the global market size of the global voltage transducer market.

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By end user, the global voltage transducer market is segmented into railway, industrial machinery, power plants, and electrical vehicles. Out of these, the industrial machinery segment is set to generate the highest market share of almost 40.1% over the forecasted period. Moreover, the industrial machinery segment is set to be dominated by the surging trend of Industry 4.0. The types of machinery such as agriculture equipment, assembly lines, industrial robots, oil refineries, packaging and labeling, etc. are high in demand, fueling the segment’s growth.

By region, the Europe voltage transducer market is to generate the highest revenue by the end of 2036. The region is projected to witness remarkable growth due to rising industrialization and the presence of prominent market players. 

This report also provides the existing competitive scenario of some of the key players of the global voltage transducer market which includes company profiling of Texas Instruments Incorporated, Schneider Electric, Phoenix Contact, Analog Devices Inc., CR Magnetics, NK Technologies, Carlo Gavazzi Holding AG, Honeywell International Inc., Rockwell Automation, DNV, Toshiba Electronic Devices & Storage Corporation, Omron Corporation, Keyence Corporation and others.     

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Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision in order to avoid future uncertainties.

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[marketingreportz]

Automotive Power Electronics Market - Forecast(2024 - 2030)

Automotive Power Electronics Market Overview

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Additionally, consumer preferences are evolving towards vehicles that offer better energy efficiency, safety, and convenience, all of which are enabled by sophisticated power electronic systems. Manufacturers are investing heavily in research and development to innovate and stay competitive in this dynamic market. Furthermore, government incentives and subsidies for EVs are further propelling the adoption of automotive power electronics. This market trajectory is expected to continue its upward trend, as the integration of power electronics in vehicles becomes more prevalent, aligning with the broader goals of energy conservation and environmental sustainability.

Market Snapshot:

COVID-19/Russia-Ukraine War Impact

The COVID-19 pandemic significantly disrupted the automotive power electronics market, initially causing production halts and supply chain disruptions. As factories shut down and demand for vehicles plummeted, manufacturers faced challenges in maintaining operations and meeting financial targets. However, the pandemic also accelerated the adoption of electric vehicles (EVs), driven by increased awareness of environmental issues and government incentives. This shift spurred innovations in power electronics, essential for EVs’ efficiency and performance. Consequently, despite short-term setbacks, the industry experienced a renewed focus on developing advanced power electronics solutions, paving the way for long-term growth and resilience in a post-pandemic era.

The Russo-Ukraine War has significantly impacted the automotive power electronics sector, primarily through disruptions in the supply chain and fluctuations in raw material prices. The conflict has caused instability in the region, affecting the production and transportation of essential components like semiconductors and rare earth metals, crucial for power electronics. This disruption has led to increased costs and delays, compelling manufacturers to seek alternative sources and adjust their supply chains. Additionally, the economic sanctions imposed on Russia have further strained international trade relations, exacerbating the challenges faced by the automotive industry. Consequently, companies are re-evaluating their strategies to mitigate risks and ensure resilience in their operations, focusing on diversifying suppliers and investing in local manufacturing capabilities to reduce dependency on geopolitically sensitive regions.

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Automotive Power Electronics Market Report Coverage

The report “Automotive Power Electronics Market Forecast (2024–2030)”, by Industry ARC, covers an in-depth analysis of the following segments of the Automotive Power Electronics Market: By Component: Microcontroller Unit, Power Integrated Circuit, Sensors, Others By Vehicle Type: Passenger Cars, Commercial Vehicles By Electric Vehicle Type: Battery Electric Vehicles, Hybrid Electric Vehicles, Plug-In Hybrid Electric Vehicles By Application: Powertrain & Chassis, Body Electronics, Safety & Security, Infotainment & Telematics, Energy Management System, Battery Management System By Geography: North America (USA, Canada, and Mexico), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Malaysia, and Rest of APAC), and Rest of the World (Middle East, and Africa)

Key Takeaways

Asia-Pacific dominated the Automotive Power Electronics market with a share of around 50% in the year 2023.

The automotive industry’s need to meet stricter safety regulations and reduce emissions, coupled with rising consumer demand for electric vehicles, will propel the growth of the automotive power electronics market throughout the forecast period.

Apart from this, thrust to equip vehicles with advanced power solutions is driving the growth of Automotive Power Electronics market during the forecast period 2024–2030.

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Automotive Power Electronics Market Segment Analysis — By Vehicle Type

The demand for automotive power electronics in passenger cars is escalating due to government initiatives promoting the integration of advanced electronics. This surge is driven by policies aimed at enhancing vehicle efficiency, safety, and environmental performance. For instance, in March 2024, the European Union introduced new regulations mandating the inclusion of advanced driver-assistance systems (ADAS) in all new cars, significantly boosting the need for sophisticated power electronics. Similarly, the U.S. government has increased funding for electric vehicle (EV) infrastructure, encouraging automakers to incorporate more power-efficient electronic components. Additionally, China’s recent tax incentives for electric and hybrid vehicles, announced in January 2024, have accelerated the adoption of power electronics to improve performance and range. These initiatives are fostering innovation and production of cutting-edge electronic components, such as inverters and onboard chargers, essential for modern passenger cars. As a result, automotive manufacturers are increasingly investing in power electronics to comply with regulations, meet consumer expectations, and gain a competitive edge in the evolving market.

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Automotive Power Electronics Market Segment Analysis — By Electric Vehicle Type

The demand for automotive power electronics in hybrid electric cars is rapidly increasing due to the global imperative to decarbonize the transport sector and reduce reliance on fossil fuels. Governments worldwide are implementing stringent regulations and incentives to promote the adoption of hybrid and electric vehicles. In January 2024, the European Union introduced enhanced subsidies for hybrid vehicle purchases, coupled with stricter emission standards, significantly boosting the market for power electronics. Similarly, the U.S. launched the “Clean Transport Initiative” in April 2023, providing substantial tax breaks and grants for hybrid car manufacturers to innovate and scale up production. Additionally, Japan’s latest energy policy, announced in February 2024, includes a comprehensive plan to phase out internal combustion engines, further propelling the demand for hybrid vehicles equipped with advanced power electronics. These components, such as power inverters, converters, and battery management systems, are essential for enhancing the efficiency and performance of hybrid electric cars. As a result, automotive companies are accelerating investments in power electronics technology to meet regulatory requirements, cater to consumer preferences, and contribute to a sustainable future.

Automotive Power Electronics Market Segment Analysis — By Geography

On the basis of geography, Asia-Pacific held the highest segmental market share of around 50% in 2023, The Asia-Pacific region is the largest market for automotive power electronics, driven by high vehicle production rates and the increasing adoption of advanced electronics in automobiles. Countries like China, Japan, and South Korea are leading in vehicle manufacturing, with major automakers integrating sophisticated power electronic components to enhance vehicle efficiency and performance. For example, in March 2024, Toyota introduced a new hybrid model equipped with cutting-edge power electronics, significantly improving energy management and fuel efficiency. Similarly, BYD in China launched an electric vehicle series in February 2024, featuring advanced inverters and converters, which contribute to extended driving ranges and faster charging times. These innovations reflect the region’s robust focus on technological advancements and sustainable transportation solutions. The strategic partnerships between automotive giants and technology firms, such as Hyundai’s collaboration with LG Electronics to develop next-generation battery management systems in April 2023, further underscore the region’s leadership in this sector. This confluence of high production volumes and technological integration ensures that the Asia-Pacific market remains at the forefront of automotive power electronics development.

Automotive Power Electronics Market Drivers

The rising market for the electric vehicles is the key factor driving the growth of Global Automotive Power Electronics market

The growing demand for automotive power electronics is being significantly driven by the expanding electric vehicle (EV) market. As global initiatives to reduce carbon emissions intensify, consumers and manufacturers alike are shifting towards EVs, which rely heavily on power electronics for various critical functions. These components, including inverters, converters, and battery management systems, are essential for optimizing the performance, efficiency, and range of electric vehicles. Automakers are ramping up production of EVs, incorporating advanced power electronics to meet regulatory standards and consumer expectations for sustainability and high performance. The technological advancements in power electronics are also enabling faster charging, improved energy management, and enhanced vehicle safety, further boosting their demand. Consequently, the automotive industry is experiencing a surge in innovation and investment in power electronics to support the burgeoning EV market, positioning it as a pivotal element in the future of transportation.

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Automotive Power Electronics Market Challenges

The high cost of electric vehicles is expected to restrain the market growth

The high cost of electric vehicles (EVs) negatively impacts the automotive power electronics market by limiting consumer adoption and market growth. Despite the technological advancements and environmental benefits of EVs, their higher price compared to traditional vehicles remains a significant barrier. This cost premium is largely due to expensive components such as batteries and advanced power electronics systems, including inverters and converters, which are essential for EV functionality. As a result, potential buyers are often deterred by the initial investment required, slowing the transition to electric mobility. Consequently, manufacturers face challenges in achieving economies of scale, which further drives up costs. This cyclical issue restricts market expansion and inhibits broader implementation of power electronics innovations, ultimately stalling progress towards widespread EV adoption and the associated benefits of reduced emissions and improved energy efficiency in the automotive sector.

Automotive Power Electronics Industry Outlook

Product launches, mergers and acquisitions, joint ventures and geographical expansions are key strategies adopted by players in the Automotive Power Electronics Market. The key companies in the Automotive Power Electronics Market are:

STMicroelectronics N.V.

Infineon Technologies AG

Fuji Electric Co., Ltd.

NXP Semiconductors N.V.

Renesas Electronics Corporation

Toshiba Corporation

Mitsubishi Electric

Huawei Digital Power

Robert Bosch GmbH

Hitachi Energy

Recent Developments

In May 2022, STMicroelectronics joined forces with Microsoft to make development of highly secure IoT devices easier.

In March 2023, Infineon Technologies announced the acquisition of GaN Systems, a global leader in gallium nitride (GaN)-based power conversion solutions. This move strengthened Infineon’s position in the market.

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#AutomotivePowerElectronics#ElectricVehicles#EVTech#PowerConversion#ElectricDrive#AutomotiveInnovation#BatteryManagement

[priteshwemarketresearch]

Industrial Batteries Market Latest Trends and Analysis, Future Growth Study by 2034

The Industrial Batteries market report is predicted to develop at a compound annual growth rate (CAGR) of 6.8% from 2024 to 2034, when global Industrial Batteries market forecast size is projected to reach USD 43.85 Billion in 2034, based on an average growth pattern. The global Industrial Batteries market revenue is estimated to reach a value of USD 25.93 Billion in 2024.

The Growth of the stationery end-use sector, there is an increasing demand for industrial batteries. Lithium-ion batteries' increasing use in the renewable energy sector has a big impact on the global industrial battery market.

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Global Industrial Batteries Market Dynamics

DRIVER: Increase in demand for recycled products and materials

The global market for industrial batteries is mostly driven by the growing use of lithium-ion batteries in the renewable energy industry. They provide better electrochemical performance than others. Systems that store energy produced by renewable energy sources like solar and wind power are where they are most commonly utilized

It is expected that growing interest in using recycled materials and batteries would encourage research and development in battery and material recycling. Several growth sectors are anticipated in the battery recycling market as a result of rising material costs and rising consumer demand for recycled or eco-friendly products. An important shift that is anticipated to have a big effect on the market for recycling electric vehicle batteries is the growing demand for recycled goods and materials. Increased environmental consciousness, a global shift toward sustainable behaviors, and a rising realization of the finite supply of natural resources are the main causes of this increased demand.

Industrial Batteries Market Growth Factors

Renewable energy has recently become a major priority for many businesses. One of the reliable sources of sustainable energy is this. A system that stores extra energy in industrial batteries guarantees a steady and dependable power supply. Peak periods for renewable energy generation can be used to generate this energy. This is among the primary drivers of market expansion. In addition, industrial battery storage systems provide instantaneous power in response to variations in demand, stabilizing the electrical grid. This lowers the chance of power outages and increases system dependability. Growing renewable energy sources including solar, hydro, and wind are increasing demand for industrial batteries.

Key Market Players

Toshiba International Corporation

East Penn Manufacturing Company

Robert Bosch GmbH

C&D Technologies, Inc.

Northstar Battery Company LLC

GS Yuasa Corporation

Saft Groupe S.A.

Enersys Inc.

Exide Technologies Inc.

Johnson Controls Inc.

Exide Industries Ltd.

Crown Batteries

East Penn Manufacturing Company

Leoch International Technology Limited Inc.

Samsung SDI Co., Ltd.

LG Chem

Others

 Market Segment

      By Battery Type

Lead-Acid Batteries

Lithium-Ion Batteries

Nickel-Based Batteries

Sodium-Based Batteries

Others

  By Application

Uninterruptible Power Supply (UPS)

Material Handling Equipment

Transportation

Telecommunications

Energy Storage Systems

Industrial Machinery

Oil & Gas

Others

RESTRAINING FACTORS

Rechargeable batteries are being replaced by a large increase in alternative battery storage technologies including fuel cells, super capacitors, and flywheels sourced with UPS. This option can prevent the market from expanding. In commercial, residential, and industrial settings, UPS is one of the beneficial sources. The legislators of industry associations were given assurances by the Bengaluru Electricity Supply corporation (BESCOM) on October 19, 2023, that the corporation would provide their units with uninterested power supply. Alternatives to batteries will result from such government and corporate endeavors.

Industrial Batteries Industry: Regional Analysis

North America Market Forecast

North America holds a significant share in the global Industrial Batteries market. This region is characterized by strong industrial infrastructure, expanding renewable power infrastructure, and increasing deployment of battery-based energy storage projects. Countries like the US and Canada are key drivers of the North American market.

Europe Market Statistics

Europe has a significant presence in the industrial batteries market, driven by factors such as stringent environmental regulations, a focus on renewable energy, and the adoption of advanced battery technologies. Strong focus on sustainability and circular economy principles, with stringent environmental regulations driving demand for greener batteries in the region. Presence of leading industrial equipment manufacturers and initiatives like the European Battery Alliance to boost domestic battery production.

 Frequently Asked Questions

·        What is the market size of Industrial Batteries Market in 2024?

·        What is the growth rate for the Industrial Batteries Market?

·        Which are the top companies operating within the market?

·        Which region dominates the Industrial Batteries Market?

In conclusion,

 The industrial batteries market is Experiencing Significant Growth driven by increasing demand for energy storage solutions, the rise of renewable energy, and the continued expansion of electric vehicles and industrial applications. As industries seek more reliable, efficient, and sustainable power sources, the market is expected to diversify, with innovations in battery technologies such as lithium-ion, solid-state, and flow batteries gaining traction. Key factors such as technological advancements, regulatory support for clean energy, and the rising need for grid storage will shape the future of this market.

Media Contact

Contact Person: Mr. Robbin Joseph

Email: sales@wemarketresearch.com  Phone: 17246183925 Country: United States Website: https://wemarketresearch.com/reports/industrial-batteries-market/1614

[psychicsheeparcade]

Wire & Cable Market In-depth Insights, Business Strategies and Huge Demand by 2034

The wire and cable market is a critical component of global infrastructure, enabling electricity transmission, telecommunications, and data networking across industries. With advancements in technology and a growing focus on renewable energy, this market is poised for significant growth.

The global wire and cable market is expected to increase at a compound annual growth rate (CAGR) of 3.8% between 2024 and 2034. Based on an average growth pattern, the market is expected to reach USD 302.35 billion in 2034. In 2024, the worldwide wire and cable industry is projected to generate USD 233.59 billion in revenue.

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Wire & Cable Market Growth Drivers:

Infrastructure Development:

Massive investments in smart cities and industrial facilities.

Need for efficient electrical grids to support urbanization and electrification in developing nations.

Renewable Energy Integration:

Growth in solar and wind power generation demands advanced power cables for energy transmission.

High-voltage direct current (HVDC) systems are becoming prevalent, necessitating specialized cables.

Technological Advancements:

Adoption of fiber optic technology for high-speed communication and 5G infrastructure.

Introduction of smart cables equipped with sensors to monitor and optimize energy flow.

Electrification of Mobility:

Increasing demand for electric vehicles (EVs) and associated charging infrastructure.

High-performance cables required for EV batteries, inverters, and onboard systems.

Wire & Cable Market Challenges:

Raw Material Dependency:

Prices of copper and aluminum, which make up a large part of cable production, fluctuate based on supply constraints and geopolitical tensions.

Environmental Concerns:

Cable manufacturing involves processes that can have environmental impacts, urging the need for sustainable alternatives.

Technological Obsolescence:

Rapidly evolving technology means older products risk becoming outdated.

Wire & Cable Market  Technological Innovations

Fiber Optic Cables:

Essential for modern telecommunications, offering high-speed data transmission for 5G and internet applications.

Wavelength-division multiplexing (WDM) technology is boosting bandwidth capacity.

High-Temperature Cables:

Designed for environments requiring durability under extreme conditions, such as industrial plants and renewable energy applications.

Eco-Friendly and Halogen-Free Cables:

Growing focus on sustainability has led to the development of cables with recyclable materials and low environmental impact.

Submarine Cables:

Used for offshore wind farms and intercontinental data transmission.

Increasing deployment for renewable energy and global connectivity.

Smart Cables with IoT Integration:

Advanced cables that can track voltage, temperature, and performance, enabling predictive maintenance and operational efficiency.

Wire & Cable Market Emerging Trends

Focus on Miniaturization:

Compact, lightweight cables are being developed for applications like aerospace, automotive, and wearable devices.

Increased Adoption of HVDC Cables:

Long-distance energy transmission projects are increasingly relying on HVDC cables for efficient and loss-free transmission.

Microgrid Expansion:

Growth of decentralized energy systems requires advanced cable infrastructure.

Key companies profiled in this research study are,

The Global Wire & Cable Market is dominated by a few large companies, such as

Prysmian Group

Southwire Company, LLC

Nexans

Prysmian Group

Leoni AG

Sumitomo Electric Industries, Ltd.

Furukawa Electric Co., Ltd.

LS Cable & System Ltd.

Incab

Kabel Deutschland GmbH

Turktelekom

Belden Inc.

Amphenol Corporation

Helukabel GmbH

Nexans Cabling Solutions  

Wire & Cable Market Segmentation,

By Cable Type 

Low Voltage Energy Cables 

 Power Cables 

Fiber Optic Cables 

 Signal & Control Cables 

 Others

By Installation 

 Overhead 

Underground 

 Submarine

By Voltage 

 Low Voltage 

 Medium Voltage 

 High Voltage 

 Extra High Voltage

By  End-Use Industry 

Aerospace & Defense 

 Building & Construction 

 Oil & Gas 

 Energy & Power 

 IT & Telecommunication 

Automotive 

 Others

Wire & Cable Industry: Regional Analysis

Forecast for the North American Market

It is projected that North America would rise rapidly due to rising investments in renewable energy, especially in solar and wind projects in the United States and Canada. The demand from industries like electronics, industrial machinery, and automobiles is a major driver of the region's growth. Market expansion has also been aided by continuous improvements to energy transmission infrastructure and efforts to lower losses brought on by blackouts.

Forecast for the European Market

Europe is a significant player in the industry as well, gaining from rising investments in infrastructure for renewable energy sources and the requirement to update current electrical systems. IT services and industrial machinery have been two industries that have consistently increased demand for wires and cables in the area. The need for specialized power lines is driven by the region's emphasis on high-voltage direct current (HVDC) systems and smart grid technology. Fiber-optic cables and signal & control cables are becoming more and more necessary as 5G networks are being deployed in key European nations including Germany, France, and the United Kingdom.

Forecasts for the Asia Pacific Market

With over 40% of the market, Asia Pacific is the biggest market for wire and cable. Large-scale infrastructure development is taking place in nations like China, India, and Japan, which raises demand for a variety of cables, including fiber-optic, power, and low-voltage energy cables. Significant investment is being made in power generating and renewable energy projects as the region's need for electricity rises, particularly in China, the world's largest producer of wind and solar energy. The need for fiber-optic cables and signal and control cables is being driven by Asia-Pacific's leadership in the 5G rollout.

Conclusion

The wire and cable market is a cornerstone of modern infrastructure, playing a pivotal role in powering industries, enabling telecommunications, and driving technological advancements. With growing investments in renewable energy, 5G networks, and electric vehicles, the market is poised for robust growth in the coming years. However, challenges such as raw material volatility and environmental concerns underscore the need for innovation and sustainable practices.

Companies that focus on developing eco-friendly, high-performance, and technologically advanced solutions will be well-positioned to capitalize on the market's opportunities. As the world shifts toward a more connected and sustainable future, the wire and cable industry will remain an essential enabler of progress, supporting global energy needs, digital transformation, and green initiatives.

[energyandpowertrends]

Battery Contract Manufacturing Market: Addressing Supply Chain Challenges

The Battery Contract Manufacturing Market size was valued at USD 4.6 billion in 2022 and is expected to grow to USD 14.90 billion by 2030 with an emerging CAGR of 15.8% over the forecast period of 2023–2030.

Market Overview

Battery contract manufacturing involves third-party production of batteries for diverse applications, ensuring scalability, cost-efficiency, and quality assurance for companies across industries. With rapid advancements in battery technology and growing investment in renewable energy, the market for battery contract manufacturing is poised for significant growth.

Read Complete Report Details of Battery Contract Manufacturing Market 2023–2030@ https://www.snsinsider.com/reports/battery-contract-manufacturing-market-3271

Key Market Segmentation

By Product

Lithium-ion Batteries: Dominating the market due to their high energy density, long lifecycle, and widespread use in EVs, consumer electronics, and energy storage systems.

Lithium-Polymer Batteries: Known for their lightweight and flexible form factor, they are commonly used in portable electronics and drones.

Lithium Iron Phosphate (LFP) Batteries: Preferred for applications requiring enhanced safety and longer cycle life, such as energy storage and commercial vehicles.

Alkaline Batteries: Widely used in household devices like remote controls and flashlights due to their long shelf life and reliability.

Nickel Metal Hydride (NiMH) Batteries: Known for their higher energy density than nickel-cadmium batteries, they find applications in hybrid vehicles and medical devices.

Nickel-Cadmium (NiCd) Batteries: Despite being phased out in many regions due to environmental concerns, they are still used in some industrial and aviation applications.

By Application

Electric Vehicles (EVs): A major growth driver, with increasing adoption of EVs globally due to regulatory mandates and consumer demand for sustainable transportation.

Consumer Electronics: Includes smartphones, laptops, wearable devices, and other portable gadgets, driving substantial demand for high-performance batteries.

Defense/Military: Batteries are crucial for powering equipment such as communication devices, drones, and autonomous vehicles in military operations.

Telecom Towers: As reliable backup power sources, batteries are vital for ensuring uninterrupted network operations.

Energy Storage Systems (ESS): Growing focus on renewable energy integration is boosting demand for battery-based ESS to stabilize grids and store surplus power.

Mining: Batteries power equipment used in remote mining operations, reducing dependency on traditional fuel sources.

Space: Lightweight, durable batteries are essential for powering satellites, rovers, and other space exploration devices.

Marine and Submarines: Batteries are increasingly used in electric and hybrid marine vessels for propulsion and auxiliary systems.

Others: Applications include medical devices, industrial tools, and transportation infrastructure.

By Region

North America: The region is witnessing strong growth driven by government initiatives to promote EVs, renewable energy projects, and advanced defense systems.

Europe: Europe leads in the adoption of green technologies, with substantial investments in EVs and energy storage systems, supported by stringent environmental regulations.

Asia-Pacific: Home to major battery manufacturers, Asia-Pacific is the largest market for batteries, driven by the burgeoning EV market in China, India, and Japan.

Latin America: Emerging demand for renewable energy projects and the expansion of mining operations are driving the growth of battery contract manufacturing in this region.

Middle East & Africa: Increasing investments in telecom infrastructure, renewable energy, and defense are expected to boost battery demand in these regions.

Market Trends and Growth Drivers

Rising Adoption of EVs: Governments worldwide are pushing for EV adoption to reduce greenhouse gas emissions, significantly driving demand for advanced batteries.

Growing Renewable Energy Integration: As countries aim to decarbonize their energy grids, the need for efficient energy storage solutions is boosting demand for battery systems.

Advancements in Battery Technology: Innovations such as solid-state batteries and fast-charging technologies are enhancing battery performance, safety, and lifecycle, encouraging market growth.

Outsourcing for Cost Efficiency: Companies are increasingly opting for contract manufacturing to streamline production, reduce costs, and focus on core competencies like R&D and marketing.

Challenges

High Production Costs: Despite declining prices, advanced battery technologies such as solid-state batteries remain expensive to produce, which could hinder market penetration.

Raw Material Availability: Limited availability and rising costs of key raw materials like lithium, cobalt, and nickel may impact battery production.

Recycling and Disposal Issues: Managing battery waste and developing efficient recycling systems are critical challenges that need to be addressed to ensure sustainability.

Conclusion

The Battery Contract Manufacturing Market is set for significant expansion as industries worldwide accelerate their transition to battery-powered solutions. With rising demand across EVs, consumer electronics, energy storage, and defense, contract manufacturing will play a crucial role in meeting global battery supply needs.

About the Report

This comprehensive report provides an in-depth analysis of the Battery Contract Manufacturing Market, including key trends, market segmentation, and regional insights. It serves as an essential resource for stakeholders, investors, and policymakers looking to navigate the dynamic battery industry.

Key Players:

Rose Batteries

Ttek Assemblies Inc.

PH2

Johnson Controls

Valmet Automotive

Tiger Electronics, Inc.

Coulometrics, LLC

Enersys

Exide Industries Limited

About Us:

SNS Insider is a global leader in market research and consulting, shaping the future of the industry. Our mission is to empower clients with the insights they need to thrive in dynamic environments. Utilizing advanced methodologies such as surveys, video interviews, and focus groups, we provide up-to-date, accurate market intelligence and consumer insights, ensuring you make confident, informed decisions. Contact Us: Akash Anand — Head of Business Development & Strategy info@snsinsider.com Phone: +1–415–230–0044 (US) | +91–7798602273 (IND)

[gis56]

Connected Logistics Market Poised for Growth from $17.5B in 2023 to $47B by 2033, Achieving a 10.5% CAGR

🚚 Connected Logistics: Revolutionizing Supply Chains 🌐 Connected Logistics Market : In the era of smart technologies, connected logistics is transforming supply chains like never before. With IoT-enabled devices, real-time tracking, and advanced analytics, businesses can monitor shipments, optimize routes, and enhance efficiency. This seamless integration across the supply chain ensures timely deliveries and minimizes disruptions, making logistics smarter and more reliable. Connected logistics is the key to unlocking next-level customer satisfaction and operational excellence.

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🔗 Collaboration in Motion: The Power of Connectivity 🤝 Connected logistics thrives on collaboration between technology and stakeholders. From smart warehouses equipped with automation to vehicles that communicate in real-time, the entire ecosystem works in sync to reduce costs and improve speed. Predictive analytics and machine learning are further empowering companies to foresee challenges and adapt quickly, ensuring a smooth and connected flow of goods from source to destination.

🌍 Sustainable Logistics: The Future is Green ♻️ Sustainability meets efficiency with connected logistics! By optimizing transportation routes and reducing idle times, businesses can significantly lower fuel consumption and emissions. Electric and autonomous vehicles, powered by smart systems, are leading the charge toward greener logistics. With connected solutions, companies not only improve their bottom line but also contribute to a healthier planet — because the future of logistics is both smart and sustainable.

#ConnectedLogistics #SmartSupplyChain #IoTInLogistics #RealTimeTracking #LogisticsInnovation #FutureOfLogistics #SupplyChainRevolution #SustainableTransport #GreenLogistics #TechDrivenLogistics #DigitalTransformation #AutonomousVehicles #PredictiveAnalytics #SmartWarehousing #EfficientDeliveries

[123567-9qaaq9]

Global Solar Panel Recycling Market Future Trends to Look Out | Bis Research

Solar panel recycling refers to the process of recovering and reusing materials from decommissioned or damaged solar panels to minimize waste and environmental impact. This involves dismantling the panels to separate and recycle components such as glass, aluminum frames, silicon cells, wiring, and rare metals like silver and copper.

The Solar Panel Recycling market  was valued at $404.3 Million in 2024 and it is expected to grow at a CAGR of 16.50% and reach $1862.2 million by 2032.

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Global Solar Panel Recycling Overview 

Solar panel recycling is an emerging industry driven by the growing adoption of solar energy and the need for sustainable disposal of solar panels at the end of their lifespan, typically 20-30 years. As the demand for renewable energy increases, so does the volume of panels reaching retirement. Recycling these panels is critical for minimizing environmental impact, recovering valuable materials, and ensuring the long-term sustainability of the solar industry.

The process of solar panel recycling typically involves dismantling the panels to separate key components such as glass, aluminum frames, silicon photovoltaic cells, and wiring. These materials can be repurposed or recycled into new products, reducing the need for virgin resources.

Applications for Solar Panel Recycling 

Healthcare 

Data Centres 

Renewable Energy 

Industrial Automation 

Telecommunications 

Market Segmentation

1 By Application 

Alkaline Electrolyzer to Dominate the Solar Panel Recycling  Market for Water Electrolysis 

By Equipment Type

Rectifier Segment to Grow at a Significant Growth Rate in the Solar Panel Recycling  Market for Water Electrolysis

 By Region 

The Europe region is expected to dominate the Solar Panel Recycling  market for water electrolysis, owing to the presence of several leading companies, such as Nidec Industrial Solutions, Ingeteam, Prodrive Technologies, and Kraft Powercon in the region, highly developed renewable energy market, and growing sales of fuel cell vehicles. 

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Market Drivers for Solar Panel Recycling  Market 

Growing demand for consumer electronics 

Industrial Automation and Electrification 

Transition to Renewable Energy 

Rising focus on energy efficiency and sustainability 

Key Players in the Market 

First Solar, Inc.

Sharp Corporation

Trina Solar

We Recycle Solar

Reiling GmbH & Co. KG

Yingli Energy Co. Ltd

Visit our Advanced Materials Chemicals and Fuels ! 

Future of Global Power Supply Equipment Market 

The future of global power supply equipment is driven and evolved by the following factors 

Decentralized Energy System 

Electric Vehicles 

Sustainable Manufacturing 

Conclusion  

The solar panel recycling market is poised to play a pivotal role in the sustainable energy transition. With the rapid adoption of solar energy, the volume of decommissioned panels is expected to grow significantly, highlighting the importance of efficient recycling systems. Recycling solar panels not only addresses waste management concerns but also helps recover valuable materials like silicon, silver, and aluminum, contributing to resource conservation and cost reduction in panel production.

Government regulations, advancements in recycling technologies, and growing corporate commitments to sustainability are driving market growth. However, challenges such as the high cost of recycling processes and the lack of standardized recycling practices need to be addressed to unlock the market's full potential.

[snehalblog]

Exploring the Evolution of the Power Distribution Component Market: Trends, Challenges, and Opportunities - UnivDatos

Power distribution components validate the safety and protection of end-use equipment in addition to helping with power distribution. Additionally, as the industrial sector's demand for electricity has increased due to effective expansion, so too has the need for a component for power distribution, particularly in emerging economies. Furthermore, swift digitization across the most important industries would increase the demand for affordable transmission and distribution control systems; nevertheless, the high installation costs of these components are the main barrier to the market's expansion. The market for power distribution components is booming, thanks to technological improvements and rising demand for dependable power distribution systems. These parts are essential for both residential and industrial applications since they are essential to the operation of power distribution networks. Power distribution components are the necessary components of an electric supply system for private, industrial and private sector. The demand for power distribution components is likely to benefit from an increase in infrastructure and development activities during the anticipated timeframe.

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One of the main factors propelling the expansion of the power distribution component market is the surge in demand for efficient T&D control systems. Growth in the need for refurbishing current electrical setups, as well as regulatory and fiscal reform across the industrial sector, are additional factors that are anticipated to boost market demand.

Additionally, the lack of a dependable and effective electric network in emerging countries has fueled the need for the creation of an effective power distribution system. Additionally, government initiatives and significant financial investments to build an effective infrastructure for distributing energy are boosting market expansion.

It is anticipated that the rising urbanization and industrialization of developing nations like China and India will accelerate market expansion. Additionally, it is anticipated that the construction sector's boom will fuel market expansion. The market’s expansion is predicted to be fueled by the rising requirement for energy infrastructure due to the rising demand for electric vehicles across the globe.

·         Automated, centralized lighting management technologies are transforming settings in both commercial and residential buildings. Businesses in Australia's power distribution component market are increasing their capacity to produce automated and centrally managed systems in order to meet consumer demand for ease. Depending on the consumer's usage patterns and the time of day, these systems can adjust. According to estimates, such advancements will grow the market.

·         Over the past few years, the use of power distribution components has increased quickly throughout Asia and Australia due to expanding investments in the building industry, notably in the commercial and residential sectors. Governments in countries like India, China, and the ASEAN are working extremely hard to make housing accessible for everyone. The market is expected to grow as a result of the rising use of power distribution components in both commercial and residential settings.

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Conclusion

Over the projected period, it is anticipated that due to the growing demand for effective Transmission and Distribution (T&D) systems, the power distribution component market has seen significant growth throughout the Middle East, Africa, and Asia-Pacific in recent years. The growth of the business will be aided by rising conjecture about the partition of the energy system and expanding need for the reclamation of the current electrical setup. According to the UnivDatos Market Insights, the rising demand of T&D systems would massively transform the global scenario of the transmission and distribution market and as per their “Power Distribution Component Market” report, the global market was valued at USD 109 billion in 2022, growing at a CAGR of ~6% during the forecast period from 2023 - 2030.